Community Bank Owatonna

Headquarters

640 Bridge Street
Owatonna, MN 55060
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.25% 1.05% →
2-Year CD 0.50% 1.11% →
5-Year CD 1.25% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Community Bank Owatonna is an FDIC insured institution located in Owatonna, MN. It was founded in 2003 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57468
Date Established 2003
Assets $ 63.43 million
Loans $ 42.23 million
Deposits $ 56.90 million
Capital $ 5.56 million
 

For a more detailed analysis of Community Bank Owatonna's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
Special: 9 Mo CD
1.09% $5,000 - Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 30 Mo CD
1.25% $5,000 - Learn More
30 Mo CD
1.25% $10,000 $14,999 Learn More
30 Mo CD
1.25% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
Special: 51 Mo CD
1.40% $5,000 - Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community Bank Owatonna

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Community Bank Owatonna
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Community Bank Owatonna branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Community Bank Owatonna Locations


Financial Details

Community Bank Owatonna Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Bank Owatonna. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Community Bank Owatonna U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Community Bank Owatonna had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,558,000 in equity and $404,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Community Bank Owatonna U.S. Bank Average
6.93% 7.80%

Community Bank Owatonna has a Return on Equity of 6.93% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Community Bank Owatonna U.S. Bank Average
8.76% 12.68%

Community Bank Owatonna has a Capitalization of 8.76% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Community Bank Owatonna Balance Sheet Analysis

As of March 31, 2020, Community Bank Owatonna had assets of $63,427,000, loans of $42,230,000, and deposits of $56,898,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 3.95 million
Interest-bearing balances $ 1.72 million
Total securities $ 10.81 million
Federal funds sold and reverse repurchase $ 4.09 million
Net loans and leases $ 42.23 million
Loan loss allowance $ 0.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 2.21 million
     Total Assets $ 57.87 million
LIABILITIES
Total deposits $ 56.90 million
      Interest-bearing deposits $ 44.15 million
      Deposits held in domestic offices $ 56.90 million
      % insured (estimated) 96.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.97 million
      Total Liabilities $ 57.87 million
      Shareholders’ Equity $ 5.56 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.65 million
Total Interest Expense $ 0.13 million
Net interest income $ 0.52 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.07 million
Total non interest expense $ 0.45 million
Pre-tax Net Operating Income $ 0.12 million

Bank Loan Profile?

The top three loan types in Community Bank Owatonna’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, Community Bank Owatonna has a significantly higher percent of Multifamily Mortgages, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.85
Multifamily
Mortgages
10.34
Credit Card Loans 0.00
Consumer Auto Loans 0.65
Small Business Loans 20.91
Construction and Development Loans 5.76
Commercial Real Estate 25.31
Commercial and Industrial Loans 13.32
Farm Loans 5.04

Frequently Asked Questions About Community Bank Owatonna

Branches and Savings

Is Community Bank Owatonna FDIC insured?

Yes. It is covered under FDIC Certificate #57468.

Why does Community Bank Owatonna pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Community Bank Owatonna CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Community Bank Owatonna a commercial bank?

Yes

Where are Community Bank Owatonna locations?

See branch locations nearby.

Is Community Bank Owatonna open on Saturdays?

Is Community Bank Owatonna open on Sundays?

What time does Community Bank Owatonna open?

What time does Community Bank Owatonna close?

Are Community Bank Owatonna ATMs Open 24/7?

Do Community Bank Owatonna ATMs accept cash deposits?

Can Community Bank Owatonna customers use other ATMs?

Do Community Bank Owatonna branches have notaries?

Will Community Bank Owatonna notarize my document?

What address for Community Bank Owatonna should I put for incoming ACH transfers?

Will the Community Bank Owatonna branch print checks?

Do Community Bank Owatonna checks expire?

Does Community Bank Owatonna require US citizenship to open account?

Can Community Bank Owatonna close my account?

Does Community Bank Owatonna Report to credit bureaus?

Does Community Bank Owatonna Use Equifax?

What is Community Bank Owatonna's ACH Routing Number?

What is Community Bank Owatonna's SWIFT code?

Products

Does Community Bank Owatonna offer mortgages?

Compare mortgage rates here.

Does Community Bank Owatonna offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Bank Owatonna offer personal loans?

Compare personal loan rates here.

Does Community Bank Owatonna offer student loans?

Will Community Bank Owatonna cash a check?

Will Community Bank Owatonna redeem a savings bond?

Does Community Bank Owatonna cash savings bonds?

Will Community Bank Owatonna cash money orders?

Can Community Bank Owatonna issue a money order?

Does Community Bank Owatonna do currency exchange?

Background on The Bank

Who owns Community Bank Owatonna?

How long has Community Bank Owatonna been around?

Can Community Bank Owatonna transfer to other banks?

Does Community Bank Owatonna have quick pay?

Does Community Bank Owatonna accept rolled coins?

Will Community Bank Owatonna accept loose change?

Where is Community Bank Owatonna headquarters?

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